StockNews.com Lowers Farmers National Banc (NASDAQ:FMNB) to Hold

StockNews.com downgraded shares of Farmers National Banc (NASDAQ:FMNBGet Rating) from a buy rating to a hold rating in a research report released on Tuesday.

Several other analysts also recently issued reports on FMNB. Piper Sandler downgraded shares of Farmers National Banc from an overweight rating to a neutral rating and lowered their price objective for the company from $15.50 to $14.50 in a research report on Wednesday, October 5th. Raymond James lowered shares of Farmers National Banc from an outperform rating to a market perform rating in a report on Thursday, October 6th.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $14.88 on Tuesday. The company has a market capitalization of $506.81 million, a price-to-earnings ratio of 9.42 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.66 and a quick ratio of 0.66. Farmers National Banc has a 1-year low of $12.41 and a 1-year high of $20.00. The business has a 50-day moving average of $13.80 and a 200-day moving average of $14.46.

Farmers National Banc Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Thursday, December 8th. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.16. Farmers National Banc’s dividend payout ratio (DPR) is 40.51%.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can grew its position in shares of Farmers National Banc by 177.1% during the first quarter. Great West Life Assurance Co. Can now owns 1,599 shares of the bank’s stock worth $28,000 after buying an additional 1,022 shares in the last quarter. CoreCap Advisors LLC bought a new position in Farmers National Banc during the 2nd quarter valued at $26,000. Quadrant Capital Group LLC grew its holdings in Farmers National Banc by 2,536.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,663 shares of the bank’s stock worth $35,000 after acquiring an additional 2,562 shares in the last quarter. Asset Dedication LLC acquired a new position in Farmers National Banc during the 3rd quarter worth $48,000. Finally, Clearstead Advisors LLC bought a new stake in shares of Farmers National Banc in the 1st quarter worth about $63,000. 40.28% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Company Profile

(Get Rating)

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, MasterCard and Visa credit cards, brokerage, and other services.

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